A look at Temu’s murky business model
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.
Instagram overtook TikTok in new app downloads last year, US President Joe Biden announced a plan to set up a port on the coast of Gaza to help facilitate aid delivery to the enclave, and a huge corruption case in Vietnam has captured the country’s attention. Plus, the FT’s Dan McCrum unpacks the mystery behind how Temu took over the retail world. Credit: Temu
Mentioned in this podcast:
Trial begins for Vietnamese property tycoon accused of $12bn fraud
The mysterious rise of the Chinese ecommerce giant behind Temu
US plans to establish port on Gaza coast to step up aid deliveries
Instagram overtakes TikTok in app downloads in race for new users
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
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